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News Details

( As on 18/12/2024 09:50)

Purple United Sales Ltd. debuts with 57.93% premium at Rs 199.00

Purple United Sales Ltd. makes a strong debut on the bourses with scrip got listed at Rs 199.00 on the Bombay Stock Exchange, a 57.93 per cent premium to its issue price of Rs 126.00. On the National Stock Exchange, the stock was listed at Rs 199.00.

The company, which raised 0.26 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 26.04 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 11 to Dec 13.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for .

Expert Global Consultants Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,336.00, down 332.25 points, or 1.34 per cent.